HLX.AX stock sold off sharply at market close, sliding 33.33% to A$0.001 on the ASX on 27 Feb 2026. The move followed thin trading and a weak intraday bid, leaving market cap at approximately A$5,346,291.00 and volume at 354,758 shares. For investors tracking micro-cap miners in Australia, the drop raises fresh questions about liquidity, funding needs, and near-term news flow.

HLX.AX stock: market snapshot and intraday drivers

Helix Resources Limited (HLX.AX) closed on the ASX at A$0.001 on 27 Feb 2026, down 0.0005 or 33.33% from the prior close of A$0.0015. Daily range was narrow at A$0.001–A$0.001 and average 50-day price sits at A$0.00117. Shares outstanding are 5,346,290,525 and liquidity remains low versus the 3-month average volume of 3,781,063.00 shares.

HLX.AX stock: recent news and sector context

There were no company announcements to explain today’s drop; comparators and screeners show Helix trading with peer volatility in the Basic Materials sector. The sector has risen 15.52% over 3 months but small explorers remain sensitive to funding and drill results. External screen listings include HLX in Investing.com comparator pages, indicating continued market attention on exploration peers source.

HLX.AX stock: fundamentals and valuation metrics

Helix Resources reports a market cap of A$5,346,291.00, book value per share A$0.00498 and cash per share A$0.00006. Key ratios show a PB ratio 0.20, PE not meaningful due to negative earnings, and price-to-sales roughly 131.66. FY 2024 growth data shows mixed earnings improvement but revenue contraction. These metrics point to a classic micro-cap exploration profile: asset value on the balance sheet but negative operating cash flow.

HLX.AX stock: technicals, liquidity and trading risk

Technical indicators highlight low momentum and no clear trend: RSI 47.79, ADX 17.68. On-chain volume is low with relative volume 0.09 versus average, increasing execution risk for larger orders. The 12‑month high is A$0.00350 and low A$0.00083. Traders should expect wide spreads, order slippage, and occasional zero‑print sessions while the stock remains at these levels.

HLX.AX stock: Meyka AI grade and analyst signals

Meyka AI rates HLX.AX with a score of 62.27 out of 100 (Grade B, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Separate company ratings dated 26 Feb 2026 show a C+ and a sell recommendation from one screener, reflecting weak profitability metrics.

HLX.AX stock: forecast, price targets and catalysts

Meyka AI’s forecast model projects three scenario targets versus the current A$0.001 price. Conservative target A$0.00050 (implied downside -50.00%), base target A$0.00150 (implied upside +50.00%), and bullish target A$0.00350 (implied upside +250.00%). Forecasts are model-based projections and not guarantees. Key catalysts to watch are drill results at Collerina and financing updates; lack of timely news increases downside risk. Additional market comparisons and peer screens are available on investing.com source.

Final Thoughts

HLX.AX stock closed the ASX session at A$0.001 on 27 Feb 2026 after a 33.33% single‑day decline. The share price profile shows a micro‑cap explorer with limited liquidity, negative operating cash flow per share, and a low market cap of A$5,346,291.00, which magnifies funding and execution risk. Meyka AI rates the stock 62.27/100 (B, HOLD) while external screeners show mixed signals. Our model baseline target of A$0.00150 implies +50.00%, but a conservative downside target of A$0.00050 implies -50.00%. Investors should treat HLX.AX stock as high risk, monitor drill results and any capital raises closely, and size positions small relative to portfolio risk. Meyka AI, an AI‑powered market analysis platform, will update forecasts as company news and drill data arrive. Forecasts are model‑based projections and not guarantees.

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.